‘Environmental intelligence’ (EI) is catching on, thanks to companies looking for easy and effective ways to protect themselves against climate action failure, human-led environmental damage, and issues caused by extreme weather. The World Economic Forum’s lists these as the three most likely risks businesses will have to contend with over the coming decade, and a business’ sustainability will depend on their ability to mitigate them through measurable analytics and strategies.
This is great news for environmental intelligence platform (EIP) Ecochain, who have a substantial head start on the market, having operated in this field for over a decade. Its software offers a suite of tools including carbon footprinting, LCA & EPD reporting, life cycle databases, and strategy design support, all oriented at tracking and reducing the size of a company’s carbon footprint.
The growing corporate demand for EI, however, means that Ecochain will have to contend with a crowded and aggressive market going forwards. We’re seeing that already with IBM’s launch of their own EI platform, which focuses less on reducing carbon footprints and more on business resilience and strategizing - which is an easier corporate sell. Whilst Ecochain was an early pioneer of this technology, it will need to develop rapidly to remain a key player.
Steph
Company Specialist at Welcome to the Jungle
